Elliott Wave Analysis of ADCB Abu Dhabi Commercial Bank
12 May 2010
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Abu Dhabi Commercial Bank is an important player in the emirate of Abu Dhabi. Elliott wave analysis of its stock shows we could potentially have seen a medium term low and so long as we don’t break below the recent lows, we could well have a multibagger in our hands. Buy dips with stop below that low seen earlier this year. | |
If you'd like to see how I work through Middle East markets in real depth, I cover this in the impulse and correction chapters of Five Waves to Financial Freedom, the same tools used across every market I trade, including Middle East indices.